TSLA has been trending down in a channel since it marked the first trading day of this new year.
The chart is set up on a 120-minute time frame with the Williams Alligator indicator of
SMA10 SMA20 and SMA50 ( offsets 10, 5, & 2). In a strong downtrend, the averages are parallel
with SMA50 higher then SMA20 and SMA 10. For a good short entry, the price should...
Heikin Ashi is a popular trend indicator.
The open values of Heikin Ashi point out the potential trend reverse price level.
However, not all chart services privide Heikin Ashi.
In fact, there is an another way to estimate the open values of Heikin Ashi.
It is SMMA.
William Alligator uses 3 SMMA at a time.
We can set
Offset = 0
Lips = 2
Teeth = 8
Jaw = 32
This indicator is good, it can be utilized for timing entries and exits.
The Cross symbol, is the opening (Bearish or Bullish).
The Square symbol, is a pivot crossing (Bearish or Bullish).
The moving averages, aide the price wave identification.
The settings for Renko:
Seven Bars: a recent wave count with a line graph, on Bollinger Band breaches.
Bullish cross on the KST where I've placed a blue thumb up.
Bullish cross on the Williams alligator with widening brands to the upside, inherently bullish indicator.
Playing peekaboo with the 200DMA.
A break above the 200DMA & 55c to 70c incoming real quick, maybe entering the cannabis sector is the type of move that will eventually attract volume to the newly...
The bullish momentum is undeniable since breaking above the 200 DMA in September.
Bullish cross on the William Alligator in September coinciding with the 200 DMA bullish cross.
On the Williams alligator, the bands expanding/widening in an upward motion, inherently bullish. But if I am commenting on the stock a Grizzly bear is lurking in the bushes...
The Nasdaq 100 has closed under the blue gator (SMMA) for the first time in over a decade. This means we're likely to see several months of downtrend following until the AO has had a zeroline cross and possibly a hidden divergence with the '08 lows. Minimum price target is around the "covid lows" with wave-e ending around June of next year.
A rising wedge forms when the price’s movement consolidates between two sloping trend lines collectively displayed as a triangle.
These sloping lines are basically support and resistance levels that move in a converging pattern (the lower line is the support line, while the upper one is the resistance line).
The support and resistance lines both point towards an...
On the RSI there appears to be a noticeable divergence, there's a series of higher lows forming an ascending triangle.
The price is displaying a series of lower highs forming a descending triangle.
A bullish divergence or bearish divergence?
A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation...
It appears as though GBR is displaying some bearish indicators coinciding with a price decline into a descending channel.
The Williams Alligator is showing a bearish cross and the bands widening pointing to the downside showing bearish strength.
GMG has been on one hell of a ride, I've been holding this company since before the halt when it was CUSPIS Capital, unfortunately, I sold a majority position way too early once the halt was lifted after nearly 6-7 months.
It appears as though the share price is consolidating into a Descending Channel on a log scale chart and more of a falling wedge on a % gain...
It appears as though TNYBF has broken the downward sloping resistance of a descending channel, and upon back-testing old resistance, it has turned into support for the time being.
The Williams Alligator bands are widening to the upside which is inherently bullish and exactly what traders look for in healthy uptrends or a defined shift in momentum.
On the DMI...